"The major resistance is placed at Rs 250, which the stock is likely to hit going forward. "It has delivered 11.9 per cent YoY and 31.4 per cent QoQ growth in core fee income. "SBI remains the best proxy to a macro recovery and we think we are just 4-6 months from the 'sweet spot' in the credit cycle," BofA-Ml said in a report. "Overall, 'stress additions' are declining and FY17 should see further improvement as we are in the last leg of the credit cycle. A stop loss should be placed at Rs 170," Gadia said.

Source: Economic Times June 10, 2016 03:48 UTC